Vault-13

PURECYCLE TECHNOLOGIES INC PCT 7.25 08.15.30

NOTE 7.250% 8/1 · US DOMESTIC · CUSIP 74623VAB9

16 institutional holders -4 vs Q1 2025
64,567,00064.6m shares reported held*
$246.5mreported value*
4 new 6 added 2 reduced 7 sold out net sold ≈ $9.5m (+59.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $3.82.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01020Q4 24: 18Q1 25: 20Q2 25: 1616Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q4 202418
Q1 202520
Q2 202516

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q1 25: 7 bought or addedQ1 25: 4 cut or sold outQ1 25Q2 25: 10 bought or addedQ2 25: 9 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 202574
Q2 2025109

Biggest buyers

Graham Capital Management, L.P. New +62,567,000+62.6m
SUSQUEHANNA ADVISORS GROUP, INC. Added +8,951,000+9.0m
MILLENNIUM MANAGEMENT LLC Added +4,300,000+4.3m
WHITEBOX ADVISORS LLC Added +2,801,000+2.8m
Parallax Volatility Advisers, L.P. New +2,500,000+2.5m
Hartree Partners, LP New +2,000,000+2.0m
TWO SIGMA INVESTMENTS, LP Added +1,672,000+1.7m
Shaolin Capital Management LLC Added +1,000,000+1.0m
MORGAN STANLEY New +824,000+824.0k
Context Capital Management, LLC Added +12,835+12.8k

Biggest sellers

Graham Capital Management, L.P. Sold out -40,517,000-40.5m
ARISTEIA CAPITAL, L.L.C. Sold out -18,760,000-18.8m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -10,700,000-10.7m
DeepCurrents Investment Group LLC Reduced -8,222,000-8.2m
HEIGHTS CAPITAL MANAGEMENT, INC Sold out -6,000,000-6.0m
Troluce Capital Advisors LLC Sold out -4,835,000-4.8m
CSS LLC/IL Reduced -2,824,000-2.8m
BOOTHBAY FUND MANAGEMENT, LLC Sold out -2,000,000-2.0m
BANK OF AMERICA CORP /DE/ Sold out -342,000-342.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Graham Capital Management, L.P. 2.35% of their portfolio ROWAYTON, CT 62,567,00062.6m $77.2m $77.2m 2.35% New
2 Shaolin Capital Management LLC 1.21% of their portfolio Miami, FL 22,000,00022.0m $27.8m $27.8m 1.21% Added +1.0m +1,000,000
3 SAMLYN CAPITAL, LLC 0.29% of their portfolio New York, NY 16,100,00016.1m $19.9m $19.9m 0.29% Unchanged
4 WHITEBOX ADVISORS LLC 0.46% of their portfolio MINNEAPOLIS, MN 13,606,00013.6m $17.0m $17.0m 0.46% Added +2.8m +2,801,000
5 SUSQUEHANNA ADVISORS GROUP, INC. 0.61% of their portfolio BALA CYNWYD, PA 12,331,00012.3m $15.4m $15.4m 0.61% Added +9.0m +8,951,000
6 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 6,000,0006.0m $7.5m $7.5m 0.01% Added +1.7m +1,672,000
7 DeepCurrents Investment Group LLC 0.25% of their portfolio NEW YORK, NY 5,528,0005.5m $6.8m $6.8m 0.25% Reduced -8.2m -8,222,000
8 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,500,0004.5m $5.6m $5.6m 0.00% Added +4.3m +4,300,000
9 Parallax Volatility Advisers, L.P. 0.13% of their portfolio San Francisco, CA 2,500,0002.5m $3.1m $3.1m 0.13% New
10 Hartree Partners, LP 0.70% of their portfolio NEW YORK, NY 2,000,0002.0m $2.5m $2.5m 0.70% New
11 FMR LLC 0.00% of their portfolio BOSTON, MA 1,658,0001.7m $2.1m $2.1m 0.00% Unchanged
12 CSS LLC/IL 0.12% of their portfolio CHICAGO, IL 1,476,0001.5m $1.8m $1.8m 0.12% Reduced -2.8m -2,824,000
13 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 1,000,0001.0m $1.1m $1.1m 0.01% Unchanged
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 824,000824.0k $1.0m $1.0m 0.00% New
15 Context Capital Management, LLC 1.95% of their portfolio LAJOLLA, CA 45,91045.9k $57.8m $57.8m 1.95% Added +12.8k +12,835
16 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged